The production possibilities curve for the nation of Economania shifts to the right. This could have been caused by:
1. a decrease in the Economania's labor supply.
2. a decrease in Economania's capital stock.
3. Economania producing all consumer goods in the previous period.
4. high unemployment in Economania the previous time period.
5. technological innovation in the production of Economania goods.
1. a decrease in the Economania's labor supply.
2. a decrease in Economania's capital stock.
3. Economania producing all consumer goods in the previous period.
4. high unemployment in Economania the previous time period.
5. technological innovation in the production of Economania goods.